[WSBARP] Excise Tax on D/T
Scott Hildebrand
scott at starboard-strategies.com
Mon Oct 24 08:35:33 PDT 2016
Colleagues:
PC is beneficiary of a D/T on property 1.
Grantor on property 1 wants to buy another property and PC would transfer
encumbrance to property 2.
Property 1 would then be free and clear and could be sold. D/T would have to
be reconveyed.
Can I accomplish this without paying excise tax, or, because there is a
reconveyance, excise tax would have to be paid on property 1?
Thank you,
Scott Hildebrand
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